Morgan Stanley Maintains Equal-Weight on Automatic Data Processing, Lowers Price Target to $250
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst James Faucette has maintained an Equal-Weight rating on Automatic Data Processing (ADP) but lowered the price target from $260 to $250.
October 26, 2023 | 12:16 pm
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Morgan Stanley has maintained an Equal-Weight rating on ADP but lowered the price target from $260 to $250.
The lowering of the price target by Morgan Stanley could potentially lead to a negative sentiment among investors, which may put downward pressure on ADP's stock price in the short term.
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IMPORTANCE 80
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